Software News

LMAX Exchange Announces Plans for Second Matching Engine in New York

Earlier today the LMAX exchange, the forex multi-lateral trading facility (MTF) operating out of London, Great Britain, announced that it is looking into setting up a matching engine in the United States.

Apparently, the company is considering New York as the location for this matching engine, driven by the market trend of exchanges maintaining engines both in London in New York, two of the world's financial capitals.

“We need to be in New York at some stage in the next 12 to 18 months,” said David Mercer, CEO of LMAX. Technically speaking, this move can be executed sooner, however the LMAX Exchange management team is focused on making its London operations rock-solid, and attracting a sustainable base there before moving on to the new continent.

Mercer then continues to explain that this is not a new idea for the company – on the contrary. It has been left reaping for a while, and a New York expansion has been factored in before. “We chose the LD4 data center (Equinix's data center in Slough, UK) because of its cross connection to NY4 (the Equinix data center in Secaucus, NJ),” Mercer elaborated.

The new matching engine will follow a beaten track – earlier this year a second venue of LMAX's opened doors: the LMAX Interbank, a service for bank-only trade matching. The platform utilizes the existing software of the exchange, and managed to attract 15 participating banks only in four months.

A geographical expansion into the USA will be a significant move forward for LMAX – Mercer believes that business will jump forward and predicts an increase in the number of buy-side institutions that use currencies as an asset class to support fundamental strategies. “When they use FX, there's huge liquidity, so right or wrong they're not stuck in a position, can get in and out quickly and there's no limit to size,” Mercer said.

In my humble opinion, the decreased latency that a second matching engine in New York would grant, will only help LMAX Exchange claim its rightful market share. With the potential it has shown so far, the exchange can only face one direction – straight ahead, and its recent award for “Best Margin Sector Platform” is just a proof of this.

About LMAX Exchange

LMAX Exchange is the first FSA regulated MTF for spot FX. Established to deliver the benefits of exchange execution to the traditionally OTC traded market, LMAX Exchange is a fundamentally different proposition. LMAX Exchange delivers precise execution, transparent cost of trade and a level playing field for all market participants. Just as on exchange, the trade execution is order-driven against streamed, executable limit orders supplied by the General Members. Clients benefit from superior low latency trading with an average matching speed of less than 3ms in over 60 FX pairs. LMAX Exchange offers multiple connectivity options: Web, Direct APIs (.NET, Java), FIX 4.4 and leading MT4 bridge providers.

FXTM a regulated forex broker (regulated by CySEC, FCA and IFSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $5 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.

HYCM is global forex broker with more than 40 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 0.2 pip

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.

More Forex Software News

Serenity blockchain platform announces the start of the main ICO period, which will start on 25 January 2018 and will last for a total of six weeks, ending on 7 March. The main ICO period offers a unique opportunity for investors to purchase Serenity tokens with a 40% discount. Read more

Gold-i, the UK-based trading technology provider, has announced the launch of a new cryptocurrency solution for MetaTrader (MT4 and MT5) – the Crypto Switch. This is a bridge, which will allow brokers access to some of the leading cryptocurrency exchanges and liquidity providers. Read more

In this article, together with the experts from NewBroker, we will shed light on the White Label partnership model. We will take a look at the opportunities and risks involved in such a business. Read more

DRS Markets, a CFD and Equity trading platform, announced it has obtained a license from UK’s Financial Conduct Authority (FCA) and has launched retail CFD trading platform from London. It is planning to attract new customers from around the world. Read more

The Financial Commission (FinaCom), the independent external dispute resolution (EDR), whose members include forex, CFD and binary options brokers and fintech companies, announced it has certified the investment platform provided by RAMMFX. Read more

TigerWit, a China-based forex and CFD mobile social trading platform, has obtained a broker-dealer license from the Securities Commission of The Bahamas (SCB), the company announced in a statement. Read more

The trading platform Umstel is the latest technology certified by the Financial Commission (FinaCom), an independent external dispute resolution (EDR) organization. The multi-asset web based trading platform is specialized for trading in CFDs on single stocks and ETFs. Read more

With the number of cryptocurrencies increasing every day, and their trading volumes breaking new all-time highs, Leverate decided to follow the biggest rising trend in the world of investment and finance. Read more

Match-Trade Technologies, a California-based fully integrated forex technology company announced it is launching a cryptopayment gateway. It will enable various institutions to process transfers in the most popular digital currencies and to automatically collect and send payments. Read more

Forex trading carries a high level of risk and may not be suitable for all investors. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it.
All information on ForexBrokerz.com is only published for general information purposes. We do not present any guarantees for the accuracy and reliability of this information.
Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in connection with the use of our website.

COPYRIGHT

All textual content on ForexBrokerz.com is copyrighted and protected under intellectual property law. You may not reproduce, distribute, publish or broadcast any piece of the website without indicating us as a source.
ForexBrokerz.com does not claim copyright over the imagery used on the website, including brokers' logos, stock images and illustrations.

Forexbrokerz website uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Read our Privacy Policy.